Goods Causing Price Inflation Continue To Rise

Oil surged to $100 in the latest trading session as Russia announced its increasing advance in the Ukraine and Chinese idling of factories in and around Shanghai continued.

In a 24 hour period that saw the United States admit to economic conditions of reported near full employment and crippling levels of inflation, Russia announce its deepening war in Ukraine, and China continuing lockdowns in Shanghai, market players clearly were betting on more chaos and shortages ahead.

For the rest of this important story, here is Bloomberg reporting on market developments.

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